HSBC Holdings Floating Rate Non-Cumulative Preferred Stock, Series F Shares Cross 4% Yield Mark

In trading on Wednesday, shares of HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series F (NYSE: HBA.PRF) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.8847), with shares changing hands as low as $21.35 on the day. This compares to an average yield of 5.56% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, HBA.PRF was trading at a 10.36% discount to its liquidation preference amount...